Buyers Struggle to Maintain FILUSDT's $1.85 Level Amid Key Turnaround Attempt

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Buyers Struggle to Maintain FILUSDT's $1.85 Level Amid Key Turnaround Attempt

Bitget-RWA2025/11/23 04:50

By:Bitget-RWA

- FILUSDT traders focus on $1.85 support as key reversal level amid bullish momentum signs. - Technical analysis shows RSI nearing oversold territory and WTI-like support patterns reinforcing potential rebound. - Successful defense of $1.85 could trigger $3.90 target, with $2.50-$2.70 zone acting as next critical validation point. - Broader crypto optimism and risk-on market conditions further support potential upward trajectory for FILUSDT.

The

FILUSDT

pair has captured market interest as traders keep a close eye on key support levels, anticipating a potential upward reversal. The $1.85 support area has remained intact, halting further declines and hinting at a possible change in market sentiment. Market experts believe that if this support continues to hold, it could set the stage for a move toward $3.90, a target that aligns with the overall positive outlook for the asset.

Technical signals lend weight to this perspective. On the hourly chart, sellers have challenged the $1.85 support, but buyers have stepped in to counteract the selling pressure. This scenario is similar to what has been seen in other markets, such as WTI oil, where crucial support levels have

often served as turning points for trend reversals

. The hourly Relative Strength Index (RSI) is nearing oversold conditions, which could indicate that the downward trend is losing steam and buyers may soon take the lead.

Buyers Struggle to Maintain FILUSDT's $1.85 Level Amid Key Turnaround Attempt image 0

If FILUSDT tests the $1.85 support and does not fall below it, this will be a crucial moment. Holding above this level could spark a bounce, with the $2.10–$2.30 range likely to be the next area of focus. Additionally, traders are monitoring the $2.50–$2.70 zone, where former resistance may now act as a foundation for continued upward movement. Should buyers push prices past $3.00, reaching $3.90 becomes increasingly likely, particularly if the wider market environment remains favorable for riskier assets.

The overall sentiment in the cryptocurrency market also leans bullish. Although the information provided does not include FILUSDT-specific figures,

insights from WTI oil technical analysis

demonstrate how significant price levels can influence momentum in highly volatile markets. Investors should keep an eye on trading volume and on-chain metrics to confirm any potential breakout.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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